RUSSIAN Ruble Collapses as Cash Runs Out #shorts #russia #russianeconomy #russiaukrainewar #ruble
Video Summary
Over the past seven days, the Russian ruble has experienced a rapid decline. The introduction of new sanctions in June has led to a shortage of cash in Russia, making it difficult for the country to pay its debts to India and China. As a result, financial institutions are now holding back payments, causing the ruble to lose value. The Russian Central Bank is struggling to keep the currency stable, and if the situation continues, the value of the ruble could drop to over $100 per dollar, a level not seen since 2014. This could be seen as a turning point for Russia, with President Putin likely to be forced to take action to stem the decline. Meanwhile, the prospect of a ruble-to-dollar exchange rate exceeding 100:1 has left many wondering if Russia has enough cash reserves to maintain support for the currency, or if the situation has reached a boiling point.
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